Cash and debit cards are not effective rewards in recognition programs. They are often used for basic expenses, offering no memorable or aspirational experience, and lack the "trophy value" needed to create positive associations with the company. Workhuman® research shows tangible gifts or experiences deliver 3x more perceived value than cash. Debit cards can also cause issues such as currency conversion fees, international fluctuations, and customer service delays, leading to frustration. A points-based recognition program offers global consistency and is more desirable, fostering better employee engagement and reducing attrition.

Join for free to read